MOSCOW, May 5. /TASS/. Shell’s charges related to the intention to abandon projects in Russia and fuel supplies related to Russia amounted to $4.24 bln in January-March 2022, the British oil and gas company said in its Q1 results report on Thursday.

"This led to recognition of pre-tax charges of $4,235 million (post-tax: $3,894 million) in the first quarter 2022 consolidated income statement," Shell said. The remaining balance sheet carrying amount as at March 31, 2022 is some $1 bln in total.

In particular, Shell reported full write-down of $1.126 bln investment in the Nord Stream 2 gas pipeline, as well as an impairment charge of $1.614 bln related to Sakhalin-2.

On February 28, Shell reported withdrawal from all joint projects with Russia, including Nord Stream 2 and Sakhalin 2 on LNG production (27.5% of shares). On March 8 it reported the intention to start gradually abandoning Russian petroleum products, pipeline gas and LNG.